MasTec, Inc. (NYSE:MTZ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of MasTec, Inc. (NYSE:MTZ) have received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $96.85.

Several research firms recently commented on MTZ. Citigroup boosted their price objective on shares of MasTec from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Monday. Craig Hallum raised shares of MasTec from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $96.00 in a research note on Monday, March 4th. TD Cowen boosted their price objective on shares of MasTec from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. The Goldman Sachs Group boosted their price objective on shares of MasTec from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, Barclays upped their target price on shares of MasTec from $55.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of MasTec during the fourth quarter valued at approximately $37,000. CWM LLC increased its holdings in MasTec by 152.4% during the third quarter. CWM LLC now owns 525 shares of the construction company’s stock valued at $38,000 after buying an additional 317 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in MasTec by 75.3% during the third quarter. Ronald Blue Trust Inc. now owns 540 shares of the construction company’s stock valued at $39,000 after buying an additional 232 shares during the last quarter. Headlands Technologies LLC purchased a new stake in MasTec during the third quarter valued at approximately $41,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in MasTec during the third quarter valued at approximately $43,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Price Performance

Shares of NYSE MTZ opened at $86.22 on Friday. MasTec has a 1 year low of $44.65 and a 1 year high of $123.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.36. The company’s 50-day moving average is $85.22 and its 200 day moving average is $71.88. The stock has a market capitalization of $6.85 billion, a P/E ratio of -130.64 and a beta of 1.62.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.26 billion. On average, sell-side analysts expect that MasTec will post 2.33 earnings per share for the current year.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.